2. As of noon trading, ConocoPhillips ( COP) is down $0.64 (-0.9%) to $71.83 on light volume. Thus far, 1.5 million shares of ConocoPhillips exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $71.82-$72.62 after having opened the day at $72.34 as compared to the previous trading day's close of $72.47.

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids on a worldwide basis. ConocoPhillips has a market cap of $88.9 billion and is part of the basic materials sector. The company has a P/E ratio of 10.8, below the S&P 500 P/E ratio of 17.7. Shares are up 25.0% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate ConocoPhillips a buy, 4 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates ConocoPhillips as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, attractive valuation levels, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full ConocoPhillips Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Best Of The Buy-Rated Dividend Stocks: Top 3 Companies: GOV, OHI, KMP

3 Energy Stocks Nudging The Industry Higher

3 Basic Materials Stocks On The Rise

3 Energy Stocks Moving The Industry Upward

What to Expect When Kinder Morgan Energy Partners (KMP) Reports Third-Quarter Earnings